Market failure will precede unlimited liability change
The government believes unlimited liability is anachronistic, according to John Parker, head of gene...
The government believes unlimited liability is anachronistic, according to John Parker, head of general insurance at the Association of British Insurers.
However, Parker said the government will only change the current laws demanding unlimited liability on third party bodily injury on motor insurance policies if the market fails.
He said: "The government can only make changes if a significant number of insurers have to withdraw or if there are huge price increases. Clearly, if you have unlimited
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